GaltTec OÜ Raises €1 Million for Next-Gen Fuel Cells in Estonia
Key Ideas
- GaltTec OÜ, a Tartu-based startup specializing in micro-tubular solid oxide fuel cells, secures €1 million in pre-seed funding to develop energy solutions for drones and IoT devices.
- The funding round, led by 2C Ventures, aims to advance fuel cell technology to offer lightweight, efficient power sources as an alternative to traditional batteries.
- Partnerships with drone manufacturers like Skycorp Technologies and involvement in NATO accelerator program position GaltTec as a key player in reshaping power solutions for drones and IoT devices.
- GaltTec's technology, supported by private investors and public institutions, is poised to contribute significantly to sustainable energy solutions and expand into new markets.
Tartu-based GaltTec OÜ, a DeepTech startup, specializing in micro-tubular solid oxide fuel cells (mSOFCs) for portable and off-grid energy solutions, has successfully raised €1 million in a pre-seed funding round. The investment was led by 2C Ventures, with additional participation from various entities. GaltTec aims to develop fuel cell technology to power drones and IoT devices efficiently. GaltTec has gained support from Estonian Business and Innovation Agency, the European Space Agency Business Incubation Center, and others.
The company focuses on creating lightweight, long-lasting, and efficient energy solutions. CEO Glen Kelp expressed enthusiasm about accelerating fuel cell technology development. With a team founded in 2022, GaltTec works on solutions to enhance the endurance of drones and IoT devices. Its partnerships with drone manufacturers showcase the practical applications of its fuel cell technology.
Martin Koppel from 2C Ventures highlighted the potential of GaltTec's fuel cell technology to revolutionize power sources for drones and IoT devices. The company's participation in programs like NATO DIANA accelerator and collaboration with Estonian Defence Forces to test ethanol-based fuel cells demonstrate its commitment to innovation and defense applications. GaltTec, positioned for commercial and defense sectors, aims to scale its technology and explore new markets.
With substantial support, GaltTec is striving to lead in sustainable energy solutions for drones, IoT devices, and beyond.
Topics
Fuel Cells
Technology
Innovation
Funding
Partnerships
Energy Solutions
Cleantech
Startup
Defense Applications
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